Financial and Banking News
GIB Profit Edges Ahead
The net income after tax of the Bahrain-based Gulf International Bank (GIB)edged up 4.5% during 1986 to reach $70mn, according to the bank's financialresults which were released last week, while its total assets increased by 3.6%to $8,065mn. After three years of relative stagnation, GIB's loan book expandedagain in 1986, by 7.4% to $4,459mn while its holdings of marketable securitiesgrew by 75.8% to...
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